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The Clunkers for Cash bill will be signed this week probably by Obama, and become part of our lives in the near future. My initial reaction to this bill wasn’t to favorable, I have a big problem with our throw away culture, and wish things were made to last like they once were, cars included. But after giving it some thought I changed my mind. It is more along the lines of the government taking responsibility and action in order to cut the pollution levels from our to big greedy cars.
This could kickstart the lowering of vehicle pollution by far, helping people green their habits.
According to Kicking Tires these are the main points
- Cars rated at 18 mpg or lower in combined city and highway driving could be turned in for cash vouchers good toward the purchase of a new car. New cars rated at least 4 mpg higher would earn a $3,500 voucher, while a 10 mpg improvement would earn a $4,500 voucher.
- Trucks (including vans and most SUVs) are eligible, but the new vehicle must average at least 18 mpg and get at least 2 more mpg than the old vehicle to qualify for the $3,500 voucher. Five more mpg would earn a $4,500 voucher.
- All old vehicles will be scrapped, so consumers will want to check the trade-in value of their old car before they participate.
What do you think? Good Idea or not so much?
So... what do you think? Please leave me a comment.
